The behaviour of the exchange rate under a floating exchange rate regime for a small open economy with perfect capital mobility may appear like a managed float or even a firmer peg. We present a canonical new neo-classical synthesis open economy model where the central bank follows a strategy...

After the switch to a floating exchange rate in 1973, the Swiss National Bank at first adopted annual monetary targets and in the 1990s shifted to a medium-term targeting strategy. In this paper I review the SNBu0092s internal policy analysis, an aspect of Swiss monetary targeting that has...

The 2017 European Migration Network (EMN) Annual Policy Report on Asylum and Migration provides a summary of the most important developments and changes in the fields of migration, asylum and integration during the year 2017. In making its migration policy, the Czech Republic continues to apply...

The overall aim of the Study is to inform the EMN’s target audiences (e.g. practitioners, policy officers and decision-makers at both EU and national level including academic researchers and the general public) on Member states’ approaches to unaccompanied minors following a final decision...

The paper proposes a multi-factor international asset pricing model in which the exchange rate is allowed to be co-determined by a risk factor imperfectly correlated to other priced risks in the economy. The significance of this factor can be established as long as one is able to observe a proxy...

Although the Visegrád Four countries often defended the same or similar positions in the European Convention, their views differed on many important issues. This situation is likely to be repeated at the upcoming Intergovernmental Conference. This basically confirms the tendency that can be...